First Resources Limited
FSRCY
Other OTC184.15
USD
- -
- -
ISIN
US33617N1054
CUSIP
33617N105
Return %
Stock
S&P500
1Y
68.71
26.53
3Y
61.89
76.60
5Y
68.68
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ciliandra Fangiono
- Full Time Employees
- 26,159
- Sector
- Consumer Defensive
- Industry
- Agricultural Farm Products
- Address
- No. 24-01 Suntec Tower One Singapore Singapore 038987
- IPO Date
- Sep 8, 2014
- Website
- first-resources.com
- Similar Companies
- Business
- First Resources Limited (FSRCY), an investment holding company established in 1992 and listed on the Singapore Exchange since 2007, produces crude palm oil and palm kernel through the cultivation and harvesting of oil palms; milling of fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK); refining CPO into refined bleached and deodorized palm oil (RBDPO); fractionating RBDPO into RBD palm olein (cooking oil) and RBD palm stearin; processing RBDPO into palm-based methyl ester (biodiesel); and crushing PK into crude palm kernel oil and palm kernel expeller for animal feed. The company manages over 200,000 hectares of oil palm plantations primarily in the Indonesian provinces of Riau, East Kalimantan, and West Kalimantan, with operations extending to palm oil mills, refineries, and processing plants certified under the International Sustainable Carbon Certification (ISCC) for sustainable products sold to refiners, traders, brokers, and fast-moving consumer goods companies in domestic and international markets including Singapore, Europe, China, and Malaysia. Headquartered at 7 Temasek Boulevard, Suntec Tower One, Singapore, First Resources operates in the Plantations and Palm Oil Mills segment as well as the Refinery and Processing segment, adhering to Palm Oil Refiners Association of Malaysia (PORAM) standards. In recent developments, the company completed the acquisition of a 91.2 percent stake in PT Austindo Nusantara Jaya Tbk on May 6, 2025, for US$329.8 million via a novation agreement with subsidiary PT Ciliandra Perkasa, followed by a mandatory tender offer concluding in October 2025 that raised its ownership to 95.92 percent (combined with PT Ciliandra Perkasa at 98.39 percent), boosting plantation hectarage by approximately 25 percent and expected CPO output by 25 percent to 1.25 million tonnes to support downstream refining capacity of 1.35 million tonnes. Additional changes include the internal transfer of its 30.68 percent stake in PT ASK to PT Ciliandra Perkasa in August 2025 for US$373 million, increasing PT Ciliandra Perkasa's control to 95.75 percent; disposal of subsidiaries engaged in oil palm plantations in West Papua in October 2025; a change of registered office in August 2025; and the release of its 2024 Annual Report and Sustainability Report in April 2025. These moves align with First Resources' vertical integration strategy, enhancing upstream feedstock supply and plantation productivity through rejuvenation and infrastructure improvements.